INVESTMENT COMMENTARY & Outlook
October 2021
The third-quarter was essentially a “washing machine” where stocks “sloshed” around. The bumpy summer months are now over and the seasonally strong time of year is now here. October has been strong in the past 20, 50 and 100 years, according to our friends at Bespoke. November is even stronger, and December is also strong. The strongest seasonal month is actually January, when new pension money likes to pour into the stock market. So essentially, the next four months should be wonderful.
Our fundamental growth stocks are poised to announce wave after wave of better than expected third-quarter sales and earnings announcements in the upcoming weeks. The analyst community revised their consensus earnings estimate up over 14.9% for our average growth stock in the past three months, so we are expecting at least 25% earnings surprises …